The Business Of Mining: Profits, Losses, Hobbies and Businesses
November 2008 by Mark E. BattersbyEveryone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?
I was informed, in a less than friendly manner, that I can only camp on the claim for 14 days of every 90.
The Tucson Mountains are immediately west of Tucson, in southern Arizona, and include residential areas of the city. The highest peak, Wasson (Amole) Peak, reaches 4,687 feet. It is part of the great Basin-Range physiographic province, characterized by fault-block mountain ranges separated by broad desert valleys.
There is one gold prospecting requirement... that remains a steeper challenge to prospectors in certain portions of the United States.
• Just because it looks American, doesn’t mean it is…
• Attempted hacking by Homeland Security?
• 37% more than they counted on…
• The high price of wind power
I researched the Internet and found a number of table makers, but technology has changed in the last 25 years. No one could sell me a kit for a new deck with wooden riffles...
The Nevada Historical Society's
"This Was Nevada Series"
The Bawl Mill • Where To Find Diamonds • Miners Find Encouraging Prospects Near Livengood • Glen's Big Find • Suction Dredge Study • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I • Beyond The End of The Road • Barnes Store and Yankee Jims • Mining Tax Increase Suggested • Opening Ceremony for Buckhorn Mine • Mining Journal Contest—How Much Is That Old Mining Journal Worth? • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices